DID QIADONG ZHAO CAUSE YOU INVESTMENT LOSSES?
About Qiadong Zhao Of Cetera Investment Services LLC?
Qiadong Zhao (CRD #5696736) has an extensive career in the financial services industry. He is currently registered with Cetera Investment Services LLC and Cetera Investment Advisers LLC in Flushing, New York, since September 25, 2017, and September 26, 2017, respectively. Zhao has previously been registered with LPL Financial LLC from February 2017 to September 2017 and NYLIFE Securities LLC from March 2010 to August 2013. He has passed three general industry/product exams and two multi-state securities law exams, and he is licensed in 14 U.S. states and territories, showcasing his broad professional reach and extensive qualifications in the financial sector.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Qiadong Zhao Customer Complaints and Reviews
Qiadong Zhao has one customer dispute reported:
- Customer Dispute (Denied):
- Date Received: October 13, 2020
- Allegations: The client alleged that they did not know the product was illiquid and believed it was not suitable.
- Outcome: The complaint was denied on October 16, 2020. Zhao stated that the client had previously had a positive experience with non-traded REITs in 2013 and 2014 and wanted to make additional investments into similar products. The prospectus was provided, and the product features were fully disclosed. Recently, one of the non-traded REITs experienced a significant drop immediately after its listing, prompting the client to seek to recover all of their investments immediately to avoid further losses.
Allegations Against Qiadong Zhao
The specific allegations against Qiadong Zhao in the reported disclosure include:
- Unsuitable Financial Recommendations: DeMaris faced allegations of providing unsuitable advice related to annuities, which allegedly caused the client to incur unnecessary surrender charges and financial losses. This accusation reflects poorly on her ability to manage investments prudently and tailor financial advice to the specific needs and circumstances of her clients.
Qiadong Zhao Red Flags & Your Rights As An Investor
Of course, Qiadong Zhao did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Qiadong Zhao at Cetera Investment Services LLC on alert to review carefully the activity and performance of their accounts and question whether Qiadong Zhaohas engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cetera Investment Services LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Cetera Investment Services LLC Due To Qiadong Zhao
If you have questions about Cetera Investment Services LLC and/or Qiadong Zhao and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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